Athene Holding Ltd.’s preferred shares continue to stand out for income-focused investors, supported by the financial strength of parent Apollo Global Management and recent issuer call activity that underscores confidence in Athene’s balance sheet. All four preferred issues carry a BBB rating and non-cumulative dividends, with dividend coverage at approximately 26 times and capital coverage near 14 times—figures that significantly reduce the likelihood of non-payment or default. Yields on ATH preferreds remain attractive relative to peers such as MetLife and Prudential, and the issuer’s consistent access to capital markets has led to multiple successful refinancings over the past 12 months, reinforcing the view that Athene’s preferreds offer both yield and security in a rising-rate environment.

In its 2026 Retirement Outlook, Athene reports that the U.S. retirement system faces a $4 trillion savings gap even as 12 000 Americans reach retirement age each day, creating robust demand for pension-like income solutions. Athene and affiliate Vitera project a total addressable retirement market exceeding $45 trillion, with retirees and plan sponsors increasingly turning to guaranteed income products to hedge inflation and market volatility. The report emphasizes the evolution of annuities—now offering up to 2% higher yields than traditional cash equivalents—and the expansion of private-market investment tools to individual savers, narrowing the yield gap with institutional pension funds that typically allocate 25% of assets to alternative investments. With Athene managing $430 billion in assets across the U.S., Bermuda, Canada and Japan as of September 30, 2025, the company is positioned to supply scalable, diversified retirement solutions aimed at closing the income shortfall for millions of retirees.